You can see whether a loan is secured in the details of the loan project and in the description. Possible types of security are:
- a guarantee
- a mortgage lien, for example a mortgage note on a property
- a security assignment, that is the assignment of receivables
Security can reduce the loss in the event of a default, but does not rule it out. For loans with a mortgage lien, investors pay a custody fee, see the fee schedule.
Personal loans are also insured in the event of death, as far as the General Insurance Conditions (GIC) allow, see What insurance do borrowers have?